Morning Briefing - January 24, 2017
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January 24, 2017

North Wind Acquires Portage

By ExchangeMonitor

Energy Department contractor North Wind Group, of Idaho Falls, Idaho, said Friday it has acquired fellow DOE contractor Portage, also of Idaho Falls, in an all-stock deal.

Other terms of the acquisition were not disclosed.

Portage will operate as a North Wind subsidiary, bringing the parent company’s headcount to about 1,100 employees, according to a North Wind press release. Roy McKinney, previously a Portage vice president, was appointed the president and general manager of the new North Wind-Portage.

Portage provides engineering, environmental remediation, and technical services to DOE sites including: the Idaho National Laboratory, near Idaho Falls; the Los Alamos National Laboratory in Los Alamos, N.M.; Knolls Atomic Power Laboratory in Schenectady, N.Y.; the now-remediated Mound site in Harrison, Ohio; and the Paducah Gaseous Diffusion Plant in Paducah, Ky.

North Wind, a subsidiary of Alaska native corporation Cook Inlet Region Inc., provides many of the same services for nuclear cleanup programs managed by DOE’s Office of Environmental Management.

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